STT Proposed to be Reduced by 20 Per Cent GAAR PANEL Mooted to Counter Aggressive Tax Avoidance Schemes Levy of Alternate Minimum Tax Proposed to be Extended.

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..... STT Proposed to be Reduced by 20 Per Cent GAAR PANEL Mooted to Counter Aggressive Tax Avoidance Schemes Levy of Alternate Minimum Tax Proposed to be Extended. - News and Press Release Dated:- 16-3-20 .....

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..... 12 - News - Press Information Bureau Government of India Ministry of Finance 16-March-2012 13:45 IST STT Proposed to be Reduced by 20 Per Cent GAAR PANEL Mooted to Counter Aggres .....

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..... sive Tax Avoidance Schemes Levy of Alternate Minimum Tax Proposed to be Extended In the General Budget 2012-13presented by theUnion Finance Minister ShriPranab Mukherjeein LokSabha here today, .....

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..... it has been proposed to reduce the Securities Transaction Tax (STT) on cash delivery transactions by 20 per cent, from 0.125 per cent to 0.1 per cent, in order to reduce transaction costs in the capit .....

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..... al markets. In order to moderate the outgo on profit linked deductions, it has been proposed to extend the levy of Alternate Minimum Tax (AMT) on all persons other than companies, claiming profit li .....

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..... nked deduction. The Finance Minister, Shri Mukherjee has also proposed to introduce a General Anti Avoidance Rule (GAAR) in order to counter aggressive tax avoidance schemes, while ensuring that it .....

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..... is used only in appropriate cases, by enabling a review by a GAAR panel. *** DSM/AG/DB/33 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanageme .....

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..... ntindia.com - TMI - TaxTMI - TMITax .....

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